NMI Holdings Inc (NMIH) Given Average Rating of “Buy” by Brokerages

NMI Holdings Inc (NASDAQ:NMIH) has been given an average rating of “Buy” by the eleven ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $18.36.

NMIH has been the topic of a number of analyst reports. ValuEngine lowered NMI from a “buy” rating to a “hold” rating in a report on Monday, December 4th. BidaskClub lowered NMI from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 30th. Deutsche Bank set a $16.00 price objective on NMI and gave the company a “buy” rating in a report on Wednesday, October 25th. BTIG Research reaffirmed a “buy” rating and issued a $21.00 price objective (up previously from $17.00) on shares of NMI in a report on Wednesday, December 20th. Finally, Singular Research assumed coverage on shares of NMI in a research report on Monday, October 16th. They set a “buy” rating and a $16.00 price target for the company.

In other news, VP Julie Norberg sold 16,600 shares of NMI stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $16.73, for a total transaction of $277,718.00. Following the completion of the sale, the vice president now directly owns 32,305 shares in the company, valued at approximately $540,462.65. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Patrick L. Mathis sold 10,000 shares of NMI stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $16.99, for a total transaction of $169,900.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,600 shares of company stock valued at $714,618. Insiders own 5.40% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Hancock Holding Co. lifted its position in shares of NMI by 4.3% during the 2nd quarter. Hancock Holding Co. now owns 17,365 shares of the financial services provider’s stock valued at $199,000 after acquiring an additional 715 shares during the period. Legal & General Group Plc lifted its position in shares of NMI by 8.8% during the 2nd quarter. Legal & General Group Plc now owns 13,003 shares of the financial services provider’s stock valued at $149,000 after acquiring an additional 1,047 shares during the period. Voya Investment Management LLC raised its position in shares of NMI by 10.6% during the 2nd quarter. Voya Investment Management LLC now owns 29,341 shares of the financial services provider’s stock worth $336,000 after purchasing an additional 2,805 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of NMI by 1.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 233,416 shares of the financial services provider’s stock worth $2,673,000 after purchasing an additional 3,179 shares during the last quarter. Finally, California State Teachers Retirement System raised its position in shares of NMI by 3.8% during the 2nd quarter. California State Teachers Retirement System now owns 101,002 shares of the financial services provider’s stock worth $1,156,000 after purchasing an additional 3,700 shares during the last quarter. Institutional investors own 83.57% of the company’s stock.

Shares of NMI (NASDAQ:NMIH) opened at $19.60 on Friday. NMI has a twelve month low of $10.10 and a twelve month high of $19.65. The firm has a market capitalization of $1,190.00, a P/E ratio of 13.80 and a beta of 0.84. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.24 and a quick ratio of 0.24.

NMI (NASDAQ:NMIH) last announced its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.06. NMI had a return on equity of 6.95% and a net margin of 51.80%. The company had revenue of $48.95 million for the quarter, compared to analyst estimates of $45.79 million. During the same quarter in the previous year, the company earned $0.10 EPS. The firm’s revenue for the quarter was up 37.8% compared to the same quarter last year. equities research analysts forecast that NMI will post 0.55 earnings per share for the current fiscal year.

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About NMI

NMI Holdings, Inc (NMIH) provides private mortgage guaranty insurance through its insurance subsidiaries. The Company’s primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a mortgage insurance (MI) provider on loans purchased by the Government-sponsored enterprises (GSEs).

Analyst Recommendations for NMI (NASDAQ:NMIH)

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